RabbitMage wrote:
Maybe you can tell me if this is common.

I have been ALL excited the last week, because the woman who owns my first Mini Horse offered him to me, and accepted my offer. We agreed on the amount over e-mail, then on the phone reached an agreement about a down payment (20-25% the total cost) and a payment plan. Things were looking good.

Then today, I get an e-mail saying that she has thought about my offer of $XXX down (the amount she gave is more than we agreed on over the phone) and $XXX a month, and she needs me to either come up with 2/3rds down OR double my monthly payment. She needs to be able to buy hay to stock up for winter which I understand completely, but...I thought we agreed. I was really happy. Now the terms have changed and simply put I can't meet them.

THEN, I read over the sales contract she sent along. Regardless of my down payment, he has to stay on her property until he is 2/3rds paid off. While he's there, I am responsible for any and all costs-routine care to catastrophic vet bills. Also, I'm being charged 10% interest on my payments. He is being sold as is, but if I'm unable to uphold my part of the contract he has to be returned 100% mentally and physically sound, or else.

I haven't bought or sold a horse in a while. This is the most expensive horse I've ever bought on my own. Is this common? Is this normal? Does any of this sound unusual or excessive?

Mostly, I'm just upset. I was so excited about having him back, but there's just no way I can meet her expectations now.


THIS IS EXACTLY WHY YOU HAVE A WRITTEN CONTRACT ON ANY HORSE SALE. NEVER EVER GO INTO THE PURCHASE OF A HORSE WITHOUT A CONTRACT IN PLACE.


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Last Edited By: See N Spots Aug 12 08 8:45 AM. Edited 1 times.